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...take care of their basic needs. Plus, brands that were spurned by Walmart ran into the arms of its competitors, who were willing to compete aggressively with the retailer on price. "Suppliers don't care about going to war with Walmart because they've been stiffed by its new procurement practices," says retail consultant Burt Flickinger III, managing director of Strategic Resources Group, "and they know they'll be treated fairly at the other stores." (See how Americans are spending...

Author: /time Magazine | Title: Walmart, Suffering a Rare Slump, Fights Back on Prices | 3/20/2010 | See Source »

...Weinswig wrote in a research note. "WMT [Walmart's stock symbol] is lacing up the gloves in the fight to win the modern day price war in food retail in 2010." Weinswig found that a 2-liter bottle of Coca-Cola, which recently cost the consumer $1.58 at a New York City-area Walmart, was now selling at the same store for 98 cents. "You're not going to ignore that," says Weinswig. "That's 'wow' pricing, and you'll think twice about going somewhere else.'" (See the best business deals...

Author: /time Magazine | Title: Walmart, Suffering a Rare Slump, Fights Back on Prices | 3/20/2010 | See Source »

...star hotel, six restaurants, a Las Vegas-style casino and a private yacht club on the nearby Isla Saboga. The project is 10-to-20 times more expensive than that of any other skyscraper in Panama City. It will be 20% bigger than the AOL-Time Warner building in New York City, Khafif says...

Author: /time Magazine | Title: Donald Trump Goes on an Adventure in Panama | 3/20/2010 | See Source »

...took a while, but on Thursday, House Democrats inched the health care boulder a bit further up the legislative hill after the nonpartisan Congressional Budget Office said the House's new health care proposal would slash $138 billion from the federal deficit by 2019, and extend health insurance to 32 million uninsured Americans. Earlier in the week, observers wondered why it was taking longer than expected for the key number cruncher to issue a verdict. Not only did the delay raise the question of whether all the compromises made to try to win broad enough support would make the bill...

Author: /time Magazine | Title: How Dems Got the Score They Wanted on Health Reform | 3/19/2010 | See Source »

...called filicide-suicides are not a new phenomenon in East Asia, but Hong Kong's relatively high number - there have been at least 15 since the start of 2008 - has raised alarm. "Three in one month is a critical warning sign," says Paul Yip, director of the Centre for Suicide Research & Prevention in Hong Kong. In the U.S., murder-suicides predominantly involve spouses killing partners before taking their own lives. But in Hong Kong, Yip says, at least 50% of cases involve the death of a child. (See "Hong Kong Roundtable: Ten Years, Five Views...

Author: /time Magazine | Title: Hong Kong: Parent-Child Suicides Are Rising | 3/19/2010 | See Source »

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